Friday, March 23, 2007

Tata, Marubeni, & Mitsubishi submitted bids on KPC-Arutmin

Three giants---Tata (India), Marubeni & Mitsubishi (Japan)---have submitted their respective final offers to acquire 30% shares of PT Bumi Resources Tbk in two coal mining subsidiaries---PT KPC & PT Arutmin Indonesia, for undisclosed price. Bumi is expected to announce the winner next week. "You're right. They have submitted their final offers," an investment banker involved in the deal said few minutes ago.

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Anonymous Anonymous said...

I am hearing numbers well above $1bn for the 30% stake. Has anyone heard a hard number?

March 23, 2007 4:27 PM  
Anonymous Anonymous said...

Why does the Bumi Group sell everything to Mitsubishi?

March 27, 2007 6:01 PM  

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